McGrath RentCorp (MGRC) Scheduled to Post Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect McGrath RentCorp to post earnings of $0.73 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.07). The company had revenue of $221.59 million during the quarter, compared to analyst estimates of $214.43 million. McGrath RentCorp had a net margin of 20.99% and a return on equity of 13.63%. On average, analysts expect McGrath RentCorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

McGrath RentCorp Price Performance

Shares of MGRC stock opened at $107.93 on Wednesday. The stock’s fifty day simple moving average is $120.82 and its 200 day simple moving average is $113.33. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.57 and a beta of 0.80. McGrath RentCorp has a one year low of $85.97 and a one year high of $130.86.

McGrath RentCorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.475 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.90 dividend on an annualized basis and a yield of 1.76%. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.47. McGrath RentCorp’s payout ratio is currently 26.69%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on McGrath RentCorp in a research note on Saturday. They issued a “hold” rating on the stock.

McGrath RentCorp Company Profile

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.